Gachagua Drops Intel, Claims Ruto Targeted Unclaimed Financial Assets Fund
NYERI, KENYA — Former Deputy President Rigathi Gachagua has dropped another political bombshell, alleging that President William Ruto’s administration is eyeing funds held by the Unclaimed Financial Assets Authority (UFAA) to plug growing fiscal gaps.
Speaking from his residence in Wamunyoro, Nyeri County, where he has spent nearly a month hosting delegations and political aspirants from across the country, Gachagua claimed state officials are attempting to extract millions of shillings from the agency’s reserves.
“They are running out of options, and now their eyes are set on the billions sitting at the lost assets agency,” Gachagua alleged during a meeting with visiting leaders. “Those tasked with safeguarding these funds are facing intense executive pressure, but they are fighting back hard to protect the institution’s mandate.”
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The Unclaimed Financial Assets Authority currently holds over KSh 110 billion in uncollected bank balances, matured insurance policies, dividends, and court deposits.
According to Gachagua’s revelation, the administration is seeking regulatory loopholes to access these idle assets, a move he warned could undermine public trust in financial institutions.
Since retreating to his Wamunyoro base, the former Deputy President has maintained a continuous stream of public engagements, positioning his home as a focal point for discontented political leaders.
Analysts view his daily briefings as a calculated effort to keep pressure on the executive while rallying support ahead of future political contests.
Neither State House nor the management of the Unclaimed Financial Assets Authority has issued a formal response to the claims.
However, political observers note that Gachagua’s latest allegations are likely to heighten parliamentary oversight and trigger sharp debate over the management of state-held private assets.
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